Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS) Trading 5.6% Higher – Here’s Why

Grayscale Bitcoin Miners ETF (NYSEARCA:MNRS)’s share price was up 5.6% on Tuesday . The company traded as high as $38.32 and last traded at $37.76. 3,806 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 9,294 shares. The stock had previously closed at $35.77.

Grayscale Bitcoin Miners ETF Trading Up 0.9%

The company has a market capitalization of $13.39 million, a price-to-earnings ratio of 9.91 and a beta of 4.57. The company has a fifty day moving average of $42.98 and a 200-day moving average of $36.35.

Institutional Trading of Grayscale Bitcoin Miners ETF

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Miners ETF in the 1st quarter valued at $314,000. Formidable Asset Management LLC boosted its stake in Grayscale Bitcoin Miners ETF by 31.3% during the 4th quarter. Formidable Asset Management LLC now owns 10,476 shares of the company’s stock worth $315,000 after purchasing an additional 2,500 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of Grayscale Bitcoin Miners ETF during the third quarter worth $38,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Grayscale Bitcoin Miners ETF by 33.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,208 shares of the company’s stock worth $96,000 after buying an additional 812 shares in the last quarter.

About Grayscale Bitcoin Miners ETF

The Grayscale Bitcoin Miners ETF (MNRS) is an exchange-traded fund that is based on the Indxx Bitcoin Miners index. The fund tracks an index of global companies that generate revenue from bitcoin mining activities or mining related services. Constituents are selected and weighted based on market-cap and revenue tied to the relevant theme. MNRS was launched on Jan 30, 2025 and is issued by Grayscale.